NEW DELHI: Life Insurance Corporation ( LIC ) on Wednesday said it will launch its initial public offer ( IPO ) on May 4, Wednesday. The issue will close on May 9, Monday. The state-owned insurer said the government will be selling shares in the price band of Rs 902-949. The government plans to offload 3.5 per cent stake or 22.13 crore shares in the company and raise Rs 20,557.23 crore. This is well short of earlier projection of about Rs 60,000 crore. LIC IPO , a IPO worth ₹20557.23 Cr, was launched from May 4, 2022, to May 9, 2022, and got listed on BSE, NSE on May 17, 2022. The public issue of LIC IPO (LICI,543526) was offered at ₹949.00 per share and was listed at ₹872.00, resulting in a listing loss of -8.11%. Read LIC IPO subscription status live. Get latest subscription of Life Insurance Corp.of India IPO from BSE and NSE. The LIC IPO share price is fixed at Rs 902 to Rs 949 with special price offers for LIC policyholders and employees with a discount of 60 per share and Rs 45 per share, respectively.
